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Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition

TechCrunch

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. In other words, it provides the tools for companies — fintechs and otherwise — to provide cards, wallets and other payment mechanisms.

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Affirm files to go public

TechCrunch

Again, comparing the company’s most recent quarter to its year-ago analog, Affirm’s net losses dipped to just $15.3 Affirm’s financials on a quarterly basis — located on page 107 of its S-1 if you want to follow along — give us a more granular understanding of how the fintech company performed amidst the global pandemic. million, $153.3

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Better.com CEO Vishal Garg steps back as employees detail how he ‘led by fear’

TechCrunch

It also acknowledged that it had engaged “an independent 3rd party firm to do a leadership and cultural assessment,” the results of which would be “taken into account to build a long-term sustainable and positive culture at Better.”. But the decision may be too little, too late. Securities and Exchange Commission. This was untrue,” she said.

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Banyan wants to unlock financing for a (more) sustainable future

TechCrunch

When it comes to sustainable infrastructure development, technology is making terrific leaps and bounds. Streamlined, and indeed sustainable, it ain’t. Streamlined, and indeed sustainable, it ain’t. trillion per year investment gap in renewable infrastructure that is required in order to meet our net zero targets by 2050.

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Super.com targets its $85M equity, debt raise into new savings super app

TechCrunch

However, Fazal said his company is modeling its super app after WeChat by breaking into verticals like travel and fintech. The company grew double digits over the past year and is on track to do well over $1 billion in gross merchandise volume and over $100 million in net revenue in 2023.

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This founder raised millions to build Fair, a neobank for immigrants

TechCrunch

Parekh is not your traditional fintech founder. But we want to create an institution where we are fair to everybody, regardless of religion, race, color, net worth or how much is in their bank account. All big institutions catered to people with a lot of money. We want everyone to be treated the same.”.

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TechCrunch+ roundup: Holiday marketing tips, low-cost NFTs, SaaS sprawl study

TechCrunch

.” The report had many interesting findings, but here’s the one that left the biggest impression on me: Startups that adopt USP and product-led growth strategies pay back customer acquisition costs faster and have higher net-dollar retention. Why LatAm’s fintech boom is more than hype and superlative venture investment.

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